$267 million financing leverages Production Tax Credit (PTC) structure made available for solar in the Inflation Reduction Act of 2022 SAN FRANCISCO : Lightsource bp has successfully closed on a $267 million tax equity investment from Fortune 500 Wells Fargo & Company (NYSE: WFC), a leading financial services company with approximately $1.9 trillion in assets. […]
Wells Fargo turning positive on solar stocks in 2023 – EQ Mag
Wells Fargo analysts upgraded Sunrun (NASDAQ:RUN), Sunnova Energy International (NYSE:NOVA), First Solar (NASDAQ:FSLR) to Overweight, and SunPower (NASDAQ:SPWR) to Equal Weight in a note to clients Friday, stating they are turning positive on clean energy in 2023. “While continued Fed tightening in early 2023 will likely act as a near-term headwind, the fundamental and regulatory […]
Wells Fargo signs multi-year contracts with Shell for clean energy
U.S. lender Wells Fargo said on Wednesday it had signed multi-year purchase agreements for renewable energy with Royal Dutch Shell’s units, as it progresses toward its clean energy goals. The agreements would involve the development of new utility-scale solar installations in several counties, the lender said in a statement. Wells Fargo did not disclose the […]
Wells Fargo, NextEra Energy Join to Boost Clean Energy in California, Indiana, Nebraska
Decade-long relationship has produced 14 wind projects across U.S. SAN FRANCISCO: Following Wells Fargo’s (NYSE: WFC) $200-billion low-carbon commitment announced last week, its Renewable Energy and Environmental Finance unit today announced the completion of $70 million in tax-equity funding for the Pacific Plains wind projects, including facilities in Indiana, Nebraska, and California. Over the past […]